Last week Share prices gained for the fifth straight week as investors shrugged off global recession fears after numerous listed firms reported strong financial results. The benchmark Philippine Stock Exchange index (PSEi) gained 39.98 points to close at 6,913.21 points. The main index fell just once on Monday, but was…
THE Supreme Court has affirmed the constitutionality of the provision penalizing profiteering under Republic Act No. 7581 or The Price Act. In a 24-page decision penned by Associate Justice Marvic Leonen, the Court en banc denied the petition of Gokongwei-owned Universal Robina Corporation (URC) seeking the reversal of the April…
Last week Share prices slightly went up as analysts said the local market showed resiliency despite geopolitical tensions in the Middle East and the sustained high inflation rate in the United States. The benchmark Philippine Stock Exchange index gained 6.39 points to close at 6,226.34 points. The main index was up in three of the
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Last week Share prices rose last week, with the main index climbing to 6,600 points, despite an anemic trading volume, as the market appeared to be building momentum ahead of the upcoming earnings season. The benchmark Philippine Stock Exchange (PSE) index gained 22.77 points to close at 6,647.56 points. “The…